A-B Posts Flattish Depletions for 2020

Dear Client: Anheuser-Busch InBev delivered its fourth quarter and full-year results this morning, and with it a look at how the brewer wrapped up 2020 in the U.S. A-B says its fourth quarter U.S. results were “impacted by the second wave of the COVID-19 pandemic and corresponding restrictions to the on-premise channel.” Indeed, depletions were down 1.6% and shipments were down 0.5% in Q4, which were a bit behind the results A-B had posted in Q3: depletions up 1.4% and